What’s Really Happening in America’s Downtowns? Your Questions Answered.
Podcast: WSJ What’s NewsPublished On: Sun Jun 23 2024
Description: Are America’s downtowns doomed or are they thriving? Depending on where you look, the answer may be different. In some cities, like St. Louis, work from home has accelerated ‘doom loop’ scenarios, where businesses leave urban centers, causing tax revenue to fall and more residents and businesses to leave as well. Other cities, like Detroit, seem to be going through a downtown renaissance. WSJ commercial property reporter Konrad Putzier answers your questions about what’s happening with urban real estate and what it will take to get Americans to go back downtown. Luke Vargas hosts. Further Reading Chicago to Offer Most Generous Subsidies in U.S. to Save Its Downtown The Real Estate Nightmare Unfolding in Downtown St. Louis Offices Around America Hit a New Vacancy Record Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate Learn more about your ad choices. Visit megaphone.fm/adchoices
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